Poly Corp. wants to propose a rights offering to raise $160,000. The company currently has 50,000 shares outstanding at $20 each. a. What is the maximum possible subscription price? What is the minimum? (4 marks) b. If the subscription price is set to $16 per share, how many shares must be sold? How many rights will it take to buy one share? (4 marks) c. What is the ex-rights price? What is the value of a right? (4 marks) d. A shareholder with 1,000 shares before the offering and no desire (or money) to buy additional shares is not harmed by the rights offer. Is this statement true? Why?